PKK hype vs resistance test this week
Diupdate
WEEK OF 30NOV:
PKK has been on a tear despite missing ER guidance and we are officially at a place nobody expected to see for about a year. Has already demonstrated interaction with our important fib lines (0.618 and 0.236). It has achieved every bull flag target while I have been watching (73 cents and 98 cents) and is flagging $2.66 on the daily chart (hourly chart is shown here to display strong close last session). I would expect resistance in the form of a lot of profit taking Monday but I believe the hype can break the downward pressure. Worst case we visit the .236 fib again. Full disclosure I've already doubled up and exited completely but am looking at the potential for another at least 25%+ gain as we enter blue sky breakout if we do.
PKK has been on a tear despite missing ER guidance and we are officially at a place nobody expected to see for about a year. Has already demonstrated interaction with our important fib lines (0.618 and 0.236). It has achieved every bull flag target while I have been watching (73 cents and 98 cents) and is flagging $2.66 on the daily chart (hourly chart is shown here to display strong close last session). I would expect resistance in the form of a lot of profit taking Monday but I believe the hype can break the downward pressure. Worst case we visit the .236 fib again. Full disclosure I've already doubled up and exited completely but am looking at the potential for another at least 25%+ gain as we enter blue sky breakout if we do.
Trade aktif
Sorry its been a while since an update but can you blame me? Re-entered at $0.99 and we hit over $14 not long ago!!!
Since last update PKK's been picked up as more or less the pipeline for the ruling party to funnel money to new Chinese businesses. Hundred of millions of dollars. After that, the expansion outside of China has begun. Remember when you didn't want to buy UPST at $30 and it's over $300 now?
This is now a long hold for me.
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